Jan 8th, 2009 · The Consumer Electronics Show opens today in Las Vegas. The keynote speech is from Alan Mulally, CEO of Ford. While the auto industry is hurting, vendors at the show hope consumers might spend their money on flashy new gadgets to put in their old cars.
Jan 6th, 2009 · The auto industry continues to take a beating as U.S. sales plummeted 18 percent last year and General Motors recorded its worst year in sales in nearly 50 years. And the worst isn't over: Consulting firm IHS Global Insight predicts U.S. sales will dip further with the sagging economy.
Jan 1st, 2009 · A power outage is just the cherry on top of a year in Detroit that saw the auto industry running on fumes, a housing industry wracked by foreclosure and unemployment rates among the highest in the nation. So why is Detroit still so lovable?
Dec 31st, 2008 · GMAC is the most recent beneficiary of a government bailout. GMAC is the the financing arm of General Motors. It supplies funding for auto dealers to buy inventory and credit for consumers buying cars. It is also a major player in the home mortgage market.
Dec 30th, 2008 · The federal government is stepping up its efforts to save the auto industry by committing $6 billion to stabilize GMAC, the financing arm of General Motors. At least in the short term, it should help GM car dealers and their customers.
Dec 30th, 2008 · More than 100,000 Ohio jobs were lost this year, a result of the nation's economic crisis and, more specifically, a suffering auto industry. Ohio's unemployment rate of 7.2 percent, one of the highest in the country, has leaders in the Midwestern state asking Washington for help. Lt. Gov. Lee Fisher explains the extent of Ohio's labor crisis.
Dec 28th, 2008 · These days, stories about Detroit paint the American auto mecca as a city that's lost its way. But for the remaining residents of the shrinking city, it's also an urban frontier of the imagination.
Dec 22nd, 2008 · Detroit Lions fans — many of whom are auto-workers — are having a tough year. The team has no wins and 15 losses. We visit a Detroit sports bar to hear what fans have to say during and after Game 15.